Constructing Thoughts. . .

By
Industry Observer CalBRE #01165532

Constructing Thoughts. . .

Raising Some Issues

On Construction

New And Otherwise

Plus Being Local

 

I think it is evident that differences - noticeable as well as those not-so-easily-identifiable are a part of life.  How many times can I possibly compare real life and real estate? There have been seemingly countless attempts where I have made this point in posts, comments, answers and elsewhere over the years of my membership. The same is true for conversations beyond this forum. Attention readers: here I go again.

 

 

In fact, there have been so many times it makes me think of John Wallis and his theory of infinity. Excuse me while I attempt to veer back to the thought that prompted this post. 

 

 

Earlier this month, Nina Hollander, Broker wrote a post about a recent sale where she represented a buyer in a newly constructed home in the Charlotte area.  My comment to her mentioned the lack of large scale new residential development in our area.  Nina responded that new construction has played a growing role in her real estate practice as the population of the Charlotte region continues to increase and builders have responded accordingly.  Vive la difference, right? 



That’s not to say new construction is a total void here(not at all) but it does involve keeping track of what is happening in a local area.  The differences are important.

 

 

In-fill projects, awareness of larger never-lived-in developments just beyond a market area as well as renovations, remodels and individual or smaller scale new builds(plus multi-family) become a part of the real estate landscape in each community. Varied types of construction(and purposes) enters the picture. Yes, knowing, being and staying local "matters" and that makes a big difference.  



It’s interesting to see established areas transition and transform.  Yes, the world is always changing.  So is life.  But how it changes definitely makes a difference.

 

 

 

 

The image in this post is from canstockphoto.com.  

 

Posted:  August 20, 2021





Posted by

Michael Jacobs

 

CalBRE # 01165532

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

Comments (34)

Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

OH, YES. 

How it changes does make a difference.  In many cases, it can be catastrophic! 

Aug 21, 2021 03:23 PM
Roy Kelley
Retired - Gaithersburg, MD

Good Sunday morning, Michael.

Take care, be safe and have an outstanding week.

Aug 22, 2021 05:29 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, looks like you are taking some days off, and hope you are enjoying your time!  

Aug 22, 2021 07:42 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Michael - what a difference the locatity makes.  Our area in Armonk is like yours but in Florida they are building.

Aug 23, 2021 04:41 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Monday morning, Michael. I hope you had a lovely weekend.

Take care and be safe.

Aug 23, 2021 09:24 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

We are not seeing so many large developments as we are seeing many custom and spec homes. As always your blog post makes my my mind wander as my I write my comment Michael Jacobs 

Aug 23, 2021 12:14 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Roy Kelley - the landscape of many communities is changing in dramatic ways.  

 

 

Kat Palmiotti - when I think of Montana, "Big Sky" comes to mind.  I guess "Big Opportunities" should as well.  

 

 

Wayne Martin - the "steel crane" watching is quite common in many communities.

 

Nina Hollander, Broker - I appreciate the inspiration with that post as well as the others you have shared since I have been reading about your Charlotte(and NYC) real estate experiences professionally and personally.  

 

 

 

 

 

 

 

 

 

Aug 23, 2021 03:26 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Brian England - the recent release of the census results certainly shows us of the growing nature of the Valley of the Sun area.  

 

 

Wendy Rulnick - like Nina Hollander, Broker and others here in ActiveRainLand and outside, that varied real estate experience can be quite educational.  For the practitioner as well as any prospective client.  

 

Joan Cox - good for you.  Congratulations in advance.  

 

 

Ron and Alexandra Seigel - each area has its own unique challenges, don't they?  

 

 

 

 

 

 

 

 

 

Aug 23, 2021 03:35 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 - I know what you mean.  "Creative thinking" is definitely a requirement.

 

 

Rocky Dickerson - and "foundation" is an appropriate word/term, isn't it?

 

 

Jeffrey DiMuria 321.223.6253 Waves Realty - there's no denying the specialness of brand new/never-lived-in construction.  

 

 

Sheri Sperry - MCNE® - you bring to Sedona a perspective from other parts of the country where new construction(and a lot of it) was quite prevalent.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug 23, 2021 03:49 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

 

Kathy Streib - I am sure he provides a terrific perspective.

 

James Dray - it's happening in many places as we continue to see.

Aug 23, 2021 03:49 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Kathleen Daniels, Probate & Trust Specialist - consequences, intentional as well as unintentional, "live" among us.

 

 

Roy Kelley - I hope your new week is off to a great start.

 

 

Joan Cox - you're right.  Got back into town earlier(or was it late last night???) and now playing catch up with comments.

 

 

Grant Schneider - you "see" the differences up close.

 

Paul S. Henderson, REALTOR®, CRS - pondering can lead to possibilities. . .  

 

 

 

 

 

 

 

 

 

 

Aug 23, 2021 03:57 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

You raise some great points. In The Bay Area and in San Diego, we can only sprawl East for new construction without tearing something down to develop closer to the coasts, with the exception of Half Moon Bay in the Bay Area, I saw that develop on the coastline from a farm town to a yuppie-centric community from 2000 on.

Aug 24, 2021 06:59 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets - your Northern CA history shows the differences(as well as the similarities) experienced in our state.  

Aug 24, 2021 08:12 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Michael Jacobs, not all change is good. It truly makes me sad to see many orange groves replaced by new subdivisions in my area.  

Aug 24, 2021 10:42 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Beth Atalay - when I was growing up in Orange County California citrus groves were quite common but they disappeared with the arrival of new homes, shopping centers and other forms of development.  Change is not always positive as you say but it is always a constant.  

Aug 24, 2021 11:15 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

But how it changes definitely makes a difference.

 

A whole new street of homes was built directly behind my house this past year. It considerably changed our view...partially for the better and partially not so much.

Aug 25, 2021 06:16 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Sharon Tara - a bit of good along with some not-so-good.  I understand that.  

Aug 25, 2021 06:23 AM
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Broker | Realtor | Serving Santa Fe & Northern NM

Interesting take on seeing the same thing differently. Santa Fe market has extremely low inventory and consequently prices keep rising. New contruction limited by costs and time it takes to develop new subdivisions within Santa Fe County. The city solution has been to build apartments rather than reduce the number of short term rentals in neighborhoods. Most of the workforce housing at affordable (250K) is outside of Santa Fe County.  This appears to happen when a location becomes a destination...

Aug 25, 2021 03:43 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Michael Jacobs - Nina Hollander, Broker is right. I would add the real estate market is evolving and new construction is thriving. My last sale new construction was because of short inventory. Right now, I have new clients going the same route. They feel the wait is worth it to get what they really want and can't justify the cost of pre-existing versus what it will take for them to get based on cost and time to remodel. They did their own Cost Benefit Analysis and decided the end result with new construction was by far a better choice. 

Aug 27, 2021 06:27 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Emily Medvec - your perspective is certainly being echoed in many areas across the country.

 

Patricia Feager, MBA, CRS, GRI,MRP - plus there is something quite special about a never-lived-in home that proves waiting is worth it for many.  

Aug 27, 2021 06:40 AM